What Is Perhaps the Most Important Economic Reality in the United

question 38

Multiple Choice

What is perhaps the most important economic reality in the United States over the last 50 years?

• A) Real GDP has declined dramatically since the end of World War II.
• B) The middle class has been shrinking.
• C) Those with higher income are greater than those in the middle or lower-income classes.
• D) Our economy has shifted to become dominated by intangibles such as services and information.
• E) Our economy is still suffering from the very high inflation rates of the 1970s.

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Definitions:

Organizational Enrichment

The process of improving an organization's capacity and environment to support worker satisfaction and performance, typically involving enhancements to job design, policies, and culture.

Moral-rights View

A perspective in ethics that emphasizes the importance of respecting and protecting the fundamental rights of individuals.

Ethical Behavior

Conduct that is consistent with what society, businesses, and individuals consider to be good values, morals, and principles.

Fundamental Rights

Core legal rights considered essential for the protection and freedom of individuals.